- According to Tokenomist, $328 million worth of tokens is set to be unlocked between April 7 and April 13, potentially shaking up the market during this critical window.
- The unlocks will include Aptos, Move, Saga, Axie Infinity, and Tensor, while Dogecoin, Solana, and Celestia are set for a linear unlocking process.
The crypto market is on the brink of an influx of tokens, with $328 million in releases set to take place. These unlocking events have sparked discussions among investors regarding their potential impact on market dynamics. According to data from Tokenomist, an AI-powered data analysis platform, both cliff and linear unlocks will play a role in increasing the circulating supply in the market this week.
Cliff unlocks involve the release of large batches of previously locked tokens all at once, and several major tokens are scheduled for cliff unlocks. These include Aptos (APT), with 11.31 million APT tokens valued at $49.76 million; Saga (SAGA), releasing 133.33 million tokens worth over $33.5 million, Axie Infinity (AXS), with tokens valued at $22.73 million, Tensor (TNSR), unlocking tokens worth $16.16 million and Move (MOVE), with tokens valued at $14.58 million. The Aptos unlock is noteworthy, as it represents a large portion of its current circulating supply of $604.79 million.
Linear unlocks, on the other hand, release tokens in smaller, more gradual increments over time. A key example of this method is Solana (SOL), which will release 465.77K tokens valued at $50 million. Additionally, Worldcoin (WLD), Celestia (TIA), and Dogecoin (DOGE) will collectively release $57 million worth of tokens.
Potential Market Impact
The large-scale influx of unlocked tokens could introduce price volatility in the short term. As the market adjusts to the increased supply, we might see more price drops, but it could also present potential entry points for investors who can weather the storm. The outcome will depend on several factors, such as investor sentiment and the demand for these tokens.
Alongside these, global economic conditions could further influence the prices of these altcoins. Recently, U.S. President Donald Trump introduced a set of reciprocal tariffs targeting several global economies. The European Union faces a 20% tariff, China a 34% tariff, Japan a 25% tariff, Cambodia a 49% tariff, and Vietnam a 46% tariff. In response to this move, China also imposed tariffs on American goods, escalating the trade tensions between the nations.
As reported by CNF, the market reacted negatively to these developments. Within just 24 hours, the U.S. stock market saw a loss of $1.3 trillion, while the crypto market took a hit of $500 million. Bitcoin is currently trading at $78,285, marking a 4.82% drop over the past 24 hours. Typically, the market tends to follow Bitcoin’s lead, so if BTC manages to break past the $85,000 mark, we could see altcoins follow suit.
Currently, Aptos is trading at $4.36, reflecting an 18.76% decline over the past week and a 6% drop in the last 24 hours. In comparison, Solana is trading at $106.59 after a 7.05% dip in the past day, while its trading volume has surged by an impressive 441%.
